Thanks MTE :)
I just have another question, is it possible for the call-seller to cancel their open position at any time by buying back the call, paying the call's premium at that time?
I'm rather new to options and I was hoping someone could help clear up what I don't hope is a misconception for me.
Say the price per share in a stock is $50 and you buy 100 shares. Then you immediately sell a call with striking price $50 (in this example the striking price doesn't matter)...